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ACC 423 Entire Course

ACC 423 Week 1 Discussion Question 1

ACC 423 Week 1 Discussion Question 2
ACC 423 Week 1 DQ (New)
ACC 423 Week 1 Individual Assignment Owners Equity Paper
ACC 423 Week 2 Discussion Question 1
ACC 423 Week 2 Discussion Question 2
ACC 423 Week 2 Team Assignment (Concepts for Analysis CA16

ACC 423 Final Exam Guide 1

Question 1 Buttercup Corporation issued 250 shares of
$11 par value common stock for $4,125. Prepare Butter
cup journal entry. Question 2 Wilco Corporation has t
he following account balances at December 31, 2012.Co
mmon stock, $5 par value $511,670Treasury stock 95,26
0Retained earnings 2,400,840Paid-in capital in excess of
par 1,320,150Prepare Wilcos December 31, 2012, stock
holders equity section Question 3 Woolford Inc. declar
ed a cash dividend of $1.38 per share on its 2.22 million
outstanding shares. The dividend was declared on Augu
st 1, payable on September 9 to all stockholders of reco
rd on August 15. Prepare the journal entries necessary
on those three dates. Question 4 The outstanding capita
l stock of Pennington Corporation consists of 3,100 shar

ACC 423 Final Exam Guide 2

1) When the cash proceeds from a bond issued with det
achable stock warrants exceed the sum of the par value
of the bonds and the fair market value of the warrants, t
he excess should be credited to A. premium on bonds
payable. B. retained earnings. C. a liability account. D.
additional paid-in capital from stock warrants. 2) The c
onversion of preferred stock may be recorded by the A.
par value method. B. book value method. C. market
value method. D.

ACC 423 Week 1 Discussion Q

uestion 1
Why do companies offer stock options? What is the exp
erience of either your organization or an organization th
at you are familiar with when it comes to stock option c
ompensation? Should stock option compensation be in
cluded as an expense when calculating an organization
s net income? Explain why or why not. If so, how shoul
d the amount of expense be calculated?

ACC 423 Week 1 Discussion Q

uestion 2
What are the differences between basic and diluted ear
nings per share? What are the differences between the
numerator and the denominator in the basic and dilute
d earnings per share calculations?

ACC 423 Week 1 DQ (New)

Why do companies offer stock options? Should stock-op
tion compensation be included as an expense when calc
ulating an organization's net income? Explain why or wh
y not. if so, how should the amount of expense be calcu
lated?

ACC 423 Week 1 Individual A

ssignment Owners Equity Pa
per

Resources:Intermediate Accounting and Electronic Res

erve Readings
Preparea 700- to 1,050-word response to the following
questions:

Why is it important to keep paid-in capital separat
e from earned capital?

ACC 423 Week 1 Summary

Discuss the objectives for Week One. How do they relat
e to the practice of accounting and its uses in business?
Distinguish between paid-in and earned capital.

ACC 423 Week 2 Discussion Q

uestion 1
What are the differences between traditional and deriva
tive instruments? Why do companies use derivative inst
ruments? Explain whether or not derivatives are a good
investment. What experience do you have with either tr
aditional or derivative instruments in your organization
or an organization that you are familiar with?

ACC 423 Week 2 Discussion Q

uestion 2
Why do companies make investments in other compani
es? What are the differences between debt and equity i
nvestments? What is the experience of either your orga
nization or an organization that you are familiar with w
hen it comes to debt and/or equity investments? What
would influence a company to choose equity or debt as
an investment?

ACC 423 Week 2 DQ (New)

What are the differences between traditional and deriva
tive instruments? Why do companies use derivative inst
ruments? Are derivatives a good investment? Explain w
hy or why not.

Why do companies make investments in other compani
es? What are the differences between debt and equity i
nvestments? What would influence a company to choos
e equity or debt as an investment?

ACC 423 Week 2 Individual W

ileyPLUS Assignment E15-13
(a,b) , P15-1 , E16-20 , P16-7

Resource:Intermediate Accounting
Preparewritten responses to the following assignment
s from the text:

Ch.15: Excercise E15-13 (a&b) and Problem P15-1
Ch.16: Exercise E16-20 and Problem P16-7

ACC 423 Week 2 Learning Tea

m Assignment P15-3 , P16-6 ,
P16-8 And CA16-4

Resource:Intermediate Accounting
Preparewritten responses to the following assignment
s from the text:

Ch. 15: Problem P15-3

ACC 423 Week 2 Learning Tea

m Reflection
Discussthe objectives for Week One. How do they relat
e to the practice of accounting and its uses in business?
Distinguish between paid-in and earned capital.
Record journal entries related to common, preferred, a
nd treasury stock.
Record journal entries related to the various types of di
vidends.
Calculate basic and diluted earnings per share (EPS).

ACC 423 Week 2 Team Assign

ment (Concepts for Analysis
CA16-4) (New)

Preparewritten responses to the following assignment

s from Ch. 16ofIntermediate Accounting:
Concepts for Analysis CA16-4
Clickthe Assignment Files tab to submit your assignme
nt

ACC 423 Week 3 Discussion Q

uestion 1
Why are there differences between taxable and financia
l income? What are some examples of permanent and t
emporary differences? Why do these differences exist?
How do they affect the financial statements?

ACC 423 Week 3 Discussion Q

uestion 2
How are the tax benefits of net operating losses (NOL) d
isclosed on financial statements? Which is more benefic
ial to an organization, an NOL carryforward or an NOL c
arryback?

ACC 423 Week 3 DQ (New)

Why are there between taxable and financial income? W
hat are some example of payment and temporary differ
ences? Why do these differences exist? How do they aff
ect financial statements.

ACC 423 Week 3 Individual W

ileyPLUS Assignment Exercis
e E17-7 , E17-12 , Problem P1
7-3 And P17-8
Resource:Intermediate
Accounting (a c)
Preparewritten responses to the following assignment
s from the text:

Ch. 17: Exercises E17-7 & E17-12 and Problems P17-3 &
P17-8 (a&c)

ACC 423 Week 3 Learning Tea

m Assignment from the Text
(CA 17-1)(New)

Preparewritten responses to the following assignment

s from Ch. 17 ofIntermediate Accounting:
Concepts for Analysis CA17-1

ACC 423 Week 3 Learning Tea

m Assignment P17 -1 And P1
7-9

Resource:Intermediate Accounting
Preparewritten responses to the following assignment
s from the text:

Ch.17: Problems P17-1 & P17-9

ACC 423 Week 3 Learning Tea

m Reflection
Discussthe objectives for Week Two. How do they relat
e to the practice of accounting and its uses in business?
Distinguish between debt and equity investments.
Classify securities as available-for-sale, held-to-maturity
, or trading.
Determine when to use the fair value and equity metho
ds of accounting for investments.
Prepare journal entries for investments using the fair va
lue and the equity method.
Distinguish between traditional and derivative financial
instruments.

ACC 423 Week 4 Discussion Q

uestion 1
What are the differences and similarities between a defi
ned contribution plan and a defined benefit plan? As an
employee, explain why you would rather have a defined
contribution plan or a defined benefit plan?

ACC 423 Week 4 Discussion Q

uestion 2
What are the components of pension expense? How do th
e components of pension expense differ among the vari
ous types of contribution and benefit plans? How is the
interest rate determined?

ACC 423 Week 4 DQ (New)

What are the differences and similarities between a defi
ned contribution plan and a defined benefit plan? As an
employee, would you rather have defined contribution
plan or a defined benefit plan? Explain your answer. As
an employer, would you rather offer a defined contribut
ion plan or a defined benefit plan? Explain answer.

ACC 423 Week 4 Learning Tea

m Reflection
Discussthe objectives for Week Three. How do they rel
ate to the practice of accounting and its uses in busines
s?
Differentiate between temporary and permanent differe
nces.
Calculate current and deferred tax assets and liabilities.

ACC 423 Week 5 DQ (New)

What is a change in accounting principle? How do y
ou determinate if a change in principle should be r
eported retroactively, currently or prospectively? H
ow do these changes affect financial statements?

Why do accountants make errors? What types of er
rors may occur? Why is it necessary to correct them
? Whit are the ramifications of not correcting errors
? What are some examples of counterbalancing err
ors?

ACC 423 Week 5 Learning Tea

m Reflection
Discussthe objectives for Week Four and Five. How do
they relate to the practice of accounting and its uses in
business?
Differentiate between a defined contribution and a ben
efit plan.
Determine the components of pension expense.
Calculate pension liability and expense.
Prepare journal entries associated with changes in acco
unting principles, reporting entities, and estimates.
Prepare journal entries associated with changes due to
errors

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